Stocks
Single names, sectors, valuations and the trades behind the tape, explained in plain language.
BASF Raises Outlook After Strong Q2, But Hormuz Risk Weighs on Shares
BASF beat Q2 estimates and lifted its full-year EBITDA target, but shares fell as the market zeroed in on warnings about Iran negotiations a
MMC Ports Shifts Control to DP World Veteran After CEO's Sudden Exit
MMC Port Holdings has placed its executive chairman, a DP World veteran, in direct control after the group CEO departed abruptly. The interi
SpaceX Shares Slip Toward $135 IPO Price, Testing Retail Investor Sentiment
SpaceX shares closed at $136.08 after dipping near the $135 IPO price. Analysts say this level could shape retail sentiment and the next wav
EQT Sweetens Perpetual Takeover Bid to A$2.5 Billion, Board Weighs Offer
Private equity firm EQT has returned with a sweetened A$2.5 billion takeover proposal for Australian financial services company Perpetual, o
Ferguson's $1.6 Billion FloWorks Bet: A Rare Big Swing for the Plumbing Giant
Ferguson Enterprises is making a $1.6 billion bet on FloWorks, a rare large acquisition for the plumbing distributor. Bank of America says t
RBC Says Lonza's Stock Discount Ignores Tight Biologics Capacity Through 2029
RBC Capital Markets says Lonza is undervalued compared to peers, as capacity for biologics and antibody-drug conjugates remains tight throug
BHP Faces Eight-Hour Strike at Key Iron Ore Port Hedland on July 16
BHP workers at Port Hedland will walk out for eight hours on July 16 after negotiations for a new four-year deal collapsed. The stoppage thr
Barratt Redrow Shifts to £400M Buyback, Cuts Dividend to Token 1p
Barratt Redrow, Britain's biggest homebuilder, is prioritizing £400 million in share buybacks over dividends, with a token 1p payout. The mo
PMW International Breaks Ground on 43.8M Ringgit Pile Plant in Malaysia
PMW International has broken ground on a new 43.8 million ringgit spun concrete pile plant in Bemban, Malaysia. The facility is expected to
Workspace Puts £200M of Properties Up for Sale as Saba Nears 30% Stake
Workspace Group has put over £200 million of properties on the market, with another £100 million under consideration, as activist investor S
Toho Pledges to Cut Over ¥50 Billion in Strategic Shareholdings by 2030
Toho, the Tokyo-based entertainment giant, plans to slash strategic shareholdings by over ¥50 billion by February 2030. The goal is to keep
Barratt Redrow Plans £386M Buyback Amid Flat House Prices and Rising Costs
Barratt Redrow is planning a £386 million share buyback through July 2027, signaling confidence despite challenging market conditions. The h